NASDAQ vs BTC | Bitcointalksearch.org

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Quote from: Tranz on August 31, 2013, 11:14:10 PM

This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

Quote from: Tranz on November 08, 2017, 09:57:18 PM

Hmmm Getting closer.. ?? :-)

I think it is better to tell the whole story:

Nasdaq bubble popped because people were investing a too much too early, they were anticipating future returns but nowadays Nasdaq has surpassed by far the ath when the bubble popped.

Something similar may happen in the crypto world, many alts will disappear, as it happened with some tech companies, but crypto world has definitely a future, the same way tech companies had a future when the bubble popped.

Tranz

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Nope, no 30% correction, maybe a 10% at the best, but it is def taking off!

I am looking at each of the times BTC "bubbled"

#1 From a base of .80 to a high of $35, back a new base of $5-10 (2011)

#2 From a base of $15 to a high of $200, back to a new base of $100-110 (2012 13)

#3 From a base of $100 to a high of $1150, back to a new base of 500-600 (2013-14)

#4 From a base of $800 to a high of 8000?( I actually guess 10k), back to a new base of 4k? (2016-17)

#5 From a base of 5k to a high of 50K back to new base of 30k? (2019 -21?)??

jaysabi

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Quote from: Tranz on November 08, 2017, 09:57:18 PM

Hmmm Getting closer.. ?? :-)

I see you resurrected this thread. These old threads are sometimes fun to look back over. The 30% equities correction never materialized; the stock market has been on a pretty consistent tear since the OP. Longest bull run in history at this point. I'm not convinced of any correlation between btc and equity markets anyway, except that in the next market correction, I expect both crypto and equities to suffer a big pullback, and I expect btc to take bigger losses. I do want to point out how funny it seems now that the graph in the OP was concerned about a collapse from the $200s as a bubble, when bitcoin routinely trades up or down $200 in a matter of hours now. Sitting above $7000, the concern of the drop from $250 to $150 seems adorable!

Btw, I'm totally concerned btc is currently a bubble, especially because nobody seems to see the constant price rise as a problem. That parallels the .com crash and the housing crash.

Tranz

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Hmmm Getting closer.. ?? :-)

Tranz

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May the force bit with you.

So assuming the correlation between BTC and NASDAQ does exists, with only the time frames being different, then QQQ should see a setback of 30% in the next couple years, then a blast off! starting in 2020. See ya then.......

johnyj

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The difference is that there is no central bank who can pump in lots of cash when price crashed

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Quote from: bitcon on September 01, 2013, 03:42:18 PM

wait wait wait... you have a wife? i thought all bitcoiners were nerds living in their moms basement like me. Bitcoin has sure come a long way!

Will you marry me?

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imrer

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You can't compare these two graphs. They only shows the same phenomenon which is bubbles. They are everywhere and that's nothing wrong about it. I believe some time later there will be another btc bubble. Wink

notme

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Quote from: ronimacarroni on September 02, 2013, 03:52:09 PM

Quote from: b!z on September 02, 2013, 07:46:57 AM

Quote from: ronimacarroni on September 01, 2013, 09:27:59 PM

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

It was a bubble. Anybody would tell you that.

well I guess what I'm trying to say that it wasn't necessarily a bad bubble.
I mean companies like google and amazon came out of it.
Unlike the real estate bubble, which ~~was~~ is propped up by government housing subsidies.

FTFY

$85 Billion a month in Mortgage Backed Securities sound familiar?

DeathAndTaxes

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Quote from: ronimacarroni on September 01, 2013, 09:27:59 PM

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

Unintentionally funny. Saying something is not X and then "proving it" by describing X.

Tranz

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May the force bit with you.

Quote from: wopwop on September 03, 2013, 06:09:52 AM

Were you posting this to tell us you have a wife or the correlation of the two charts? I'd bet on the first if it was verifiable.

I guess I didn't realize that being married was such a big deal here. Roll Eyes

wopwop

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Were you posting this to tell us you have a wife or the correlation of the two charts? I'd bet on the first if it was verifiable.

viboracecata

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Not only NASDAQ, the global stock market rise, the price of bitcoin go up, otherwise the price fall.

I noticed this before.

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Quote from: Tranz on September 03, 2013, 12:37:50 AM

My take from the two charts, is this; NASDAQ took decades to blast off and then begin solid forward movement. BTC is doing the same thing in years.

wow guys thats really prolific - put in a small egg now and retire in years not decades! Beyond pure btc investments, there are also btc company asset shares that can be purchased from bitfunder. We've even got Rich Winklevoss twins pushing for a public btc etf...those should all be signals to buy in now...not after its too late and they are 3k a coin mainstream. (3k is a wild fantasy of a guess and i'd likely cash out long before they hit that value)

Tranz

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May the force bit with you.

Quote from: bitcon on September 01, 2013, 03:42:18 PM

wait wait wait... you have a wife? i thought all bitcoiners were nerds living in their moms basement like me. Bitcoin has sure come a long way!

I do have a wife. Beauty too! Kiss

Tranz

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May the force bit with you.

My take from the two charts, is this; NASDAQ took decades to blast off and then begin solid forward movement. BTC is doing the same thing in years.

Carlton Banks

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ronimacarroni

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Quote from: b!z on September 02, 2013, 07:46:57 AM

Quote from: ronimacarroni on September 01, 2013, 09:27:59 PM

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

It was a bubble. Anybody would tell you that.

well I guess what I'm trying to say that it wasn't necessarily a bad bubble.
I mean companies like google and amazon came out of it.
Unlike the real estate bubble, which was propped up by government housing subsidies.

LiteCoinGuy

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i dont think that you can compare these charts in any way.

b!z

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Quote from: ronimacarroni on September 01, 2013, 09:27:59 PM

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

It was a bubble. Anybody would tell you that.

notme

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Quote from: ronimacarroni on September 01, 2013, 09:27:59 PM

well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

People overinvesting in things they don't understand is pretty much what defines a bubble.

ronimacarroni

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well I dont really consider y2k a bubble
It was just people investing money in a new technology most didnt fully understand
some people invested in businesses that didn't even have a clear business plan
well everyones free to do what they want with their money
you earn some you lose some

lavalampoon

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Quote from: Tranz on August 31, 2013, 11:14:10 PM

This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

http://i44.tinypic.com/o6i5qt.jpg

The interesting part of the graphs you showed is that on second look you notice that the bitcoin price is actually a predictor of what comes next for the NASDAQ chart. The bitcoin chart shows a downtrend of red before recovering, and the NASDAQ chart hasn't yet reached that downtrend. Compare each rise and fall one by one to see what I mean.

bitcon

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wait wait wait... you have a wife? i thought all bitcoiners were nerds living in their moms basement like me. Bitcoin has sure come a long way!

Tranz

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May the force bit with you.

This maybe have been posted before, if so sorry, but I thought it was pretty cool. Just happened to be explaining to my wife the NASDAQ Y2k bubble, and showed her the chart, and I knew it looked it looked familiar!

Topic: NASDAQ vs BTC (Read 6295 times)